Best Fixed Deposit Rates for June 2021

Best 5 Year Rates for individuals 55 and older

* rates last updated June 2021
1

Rank

FNB

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8.46 %

effective annual rate

R 5 009

total earnings (*)

2

Rank

African Bank

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8.45 %

effective annual rate

R 5 002

total earnings (*)

3

Rank

SA Retail Bonds

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8.42 %

effective annual rate

R 4 981

total earnings (*)

4

Rank

Nedbank

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8.02 %

effective annual rate

R 4 707

total earnings (*)

5

Rank

Fedgroup

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7.87 %

effective annual rate

R 4 605

total earnings (*)

6

Rank

Discovery Bank

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7.23 %

effective annual rate

R 4 177

total earnings (*)

7

Rank

Capitec

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6.96 %

effective annual rate

R 3 999

total earnings (*)

(*) Total Earnings are estimated total interest earned for a R 10 000 investment. Interest paid out at maturity